H.Hunter Company's records indicate the following information for the year: On December 31, a physical inventory determined that ending inventory of $500,000 was in the warehouse.H.Hunter's gross profit on sales has remained constant at 30%. H.Hunter suspects some of the inventory may have been taken by some new employees.At December 31, what is the estimated cost of missing inventory?

Question

H.Hunter Company's records indicate the following information for the year:  On December 31, a physical inventory determined that ending inventory of $500,000 was in the warehouse.H.Hunter's gross profit on sales has remained constant at 30%. H.Hunter suspects some of the inventory may have been taken by some new employees.At December 31, what is the estimated cost of missing inventory?

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The Answer of H.Hunter Company's records indicate the following information for the year:  On December 31, a physical inventory determined that ending inventory of $500,000 was in the warehouse.H.Hunter's gross profit on sales has remained constant at 30%. H.Hunter suspects some of the inventory may have been taken by some new employees.At December 31, what is the estimated cost of missing inventory?

HHunter Company's Records Indicate the Following Information for the Year